There’s something worse than recession and we’re already in it.
Mamdani, Trump are just opposite expressions of the same problem
By Josh Brown
Inflation vs Recession
I used to think recession was the absolute worst thing that could happen because recessions do economic damage, harm household finances, break up marriages, cause alcoholism and suicides and could potentially lead to depressions. I don’t think that anymore. Recessions are really bad for the people who are directly affected by them and everybody feels a little bit of pain even if they remain employed.
But there’s something just as bad if not worse. Unchecked inflation. It can just as easily create riots and instability as a lack of job opportunity in an economic downturn. Neither is good, but inflation turns out to be potentially worse given the distribution of its effects.
